Retirement plan

WHITAKER BROTHERS BUSINESS MACHINES, INC. & WHITAKER PARKING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: WHITAKER BROTHERS BUSINESS MACHINES, INC. - WHITAKER BROTHERS BUSINESS MACHINES, INC. & WHITAKER PARKING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: WHITAKER BROTHERS BUSINESS MACHINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHITAKER BROTHERS BUSINESS MACHINES, INC. & WHITAKER PARKING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, WHITAKER BROTHERS BUSINESS MACHINES, INC.

WHITAKER BROTHERS BUSINESS MACHINES, INC.EIN 52-1357073Plan #002PY 2021

3 TAFT COURT - ROCKVILLE, MD 20850301-354-3001

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$14.1M

+24.8% from 2019

Total participants

No prior year

Average account balance

$306,099

No prior year

Annual return

19.09%

-5.97 pp from 2019

Benchmarks

See 9,036 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,036 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$16.71M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$398K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

113.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$215K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.60%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$16147

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$781K

$17345 / participant

Other / not subdivided$781K100.0%

% of EOY assets

5.543%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$306,099

$99,994+206.1%

$146,643+108.7%

$85,847+256.6%

Participation rate

80.0%

73.1%+6.9pp

80.1%-0.1pp

69.3%+10.7pp

Annual return

19.09%

18.93%+0.2pp

22.75%-3.7pp

318.61%-299.5pp

Employer contribution / active EE

$2,559-100.0%

$4,137-100.0%

$2,565-100.0%

Participant deferral / active EE

$3,798

$4,006-5.2%

$5,506-31.0%

$3,952-3.9%

Admin fee / account holder

$16,968

$7,703+120.3%

$10,280+65.1%

$6,261+171.0%

WHITAKER BROTHERS BUSINESS MACHINES, INC. & WHITAKER PARKING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHITAKER BROTHERS BUSINESS MACHINES, INC. & WHITAKER PARKING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion